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Assume the perpetual inventory method is used. - The company purchased $13,500 of merchandise on account under terms 2/10,n/30. - The company returned $3,000 of
Assume the perpetual inventory method is used. - The company purchased $13,500 of merchandise on account under terms 2/10,n/30. - The company returned $3,000 of merchandise to the supplier before payment was made. - The liability was paid within the discount period. - All of the merchandise purchased was sold for $21,000 cash. What is the net cash flow from operating activities as a result of the four transactions? Multiple Choice $10,710. $7,500. $7,350. $10,770
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